The largest company on public markets now holds bitcoin as a treasury reserve, not as a business model.
Bitcoin traded above $64,000 on Saturday, supported by its strongest ETF inflows in a month and growing optimism around geopolitical developments.
June 13, 2026, 4:16 pmBlackRock's IBIT led Friday's inflows at $57.7 million, with Fidelity's FBTC adding $18.0 million, while no fund reported a net outflow on the day.
June 13, 2026, 3:25 pm
Michael Saylor congratulated Elon Musk after SpaceX’s historic IPO and said 25% of the Mag8 now holds bitcoin on corporate balance sheets. His comments underscored bitcoin’s expanding presence within the upper ranks of the technology sector as more major companies add BTC to their treasuries.
Bitcoin price recovered over $64,000 after Pakistan said a US-Iran peace deal could be finalised within 24 hours, giving crypto markets a short-term lift after days of geopolitical tension.
Bitcoin was designed as a hedge against inflation, but every hot inflation report in the past year has knocked its price lower, and Thursday's data was no different.
Strategy's recent Bitcoin sale appeared to clash with Saylor's "never sell" mantra, but he says the move reflects how the company's digital credit business works.
"Thanks to you, 25% of the Mag8 now holds bitcoin on the balance sheet," Saylor wrote on X, congratulating Musk on SpaceX's historic IPO debut.
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history this weekend, a stark reflection of the severe margin compression forcing operators to take hardware offline.
A potential Bank of Japan rate hike is testing Bitcoin's resilience as leverage resets and credit conditions tighten.
The disparity in losses highlights the risks retail investors face in celebrity-backed ventures, emphasizing the need for cautious investment strategies.
6.04M BTC (30.2% of supply) sits exposed to future quantum attacks, per Glassnode.
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